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Print 2006-05-18
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 17, 2006).
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 17, 2006).
DAILY MONEY MARKET COMMENTS: The overnight interbank money market initiated at an apex with trades witnessed around 8.90% - 8.95%, however as the day passed by a heavy pressure from the lending side was witnessed with a few transactions witnessed as low as 6.00% around closing time. Though the average trading of the day was witnessed in the vicinity of 8.75%
Keeping in view today's market we expect that on Thursday the money market rates might be witnessed at nadir levels.
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 6.00 8.95 6.50 8.95 7.60
1-Week 7.75 8.75 8.50 8.90 8.48
2-Weeks 8.50 8.85 8.75 8.90 8.75
1-Month 8.60 8.70 8.70 8.80 8.70
2-Months 8.65 8.75 8.75 8.80 8.74
3-Months 8.70 8.80 8.75 8.85 8.78
4-Months 8.65 8.75 8.75 8.80 8.74
5-Months 8.65 8.75 8.75 8.80 8.74
6-Months 8.65 8.75 8.80 8.85 8.76
9-Months 8.70 8.80 8.80 8.90 8.80
1-Year 8.75 8.80 8.85 8.90 8.83
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 6.50 9.00 7.00 9.15 7.91
1-Week 8.00 8.90 8.50 9.10 8.63
2-Weeks 8.60 9.00 8.90 9.20 8.93
1-Month 8.90 9.20 9.25 9.50 9.21
2-Months 9.00 9.50 9.25 9.60 9.34
3-Months 9.25 9.60 9.50 9.75 9.53
4-Months 9.30 9.50 9.50 9.75 9.51
5-Months 9.35 9.60 9.50 9.80 9.56
6-Months 9.35 9.60 9.55 9.80 9.58
9-Months 9.50 10.00 9.80 10.25 9.89
1-Year 9.60 10.00 9.80 10.25 9.91
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.40 8.50
0.6-1.0 Years 8.80 8.90
1.1-1.5 Years 8.90 9.05
1.6-2.0 Years 9.20 9.30
2.1-2.5 Years 9.20 9.30
2.6-3.0 Years 9.31 9.35
3.1-3.5 Years 9.35 9.45
3.6-4.0 Years 9.45 9.50
4.1-4.5 Years 9.45 9.50
4.6-5.0 Years 9.55 9.60
5.1-5.5 Years 9.55 9.60
5.6-6.0 Years 9.55 9.65
6.1-6.5 Years 9.60 9.65
6.6-7.0 Years 9.65 9.70
7.1-7.5 Years 9.65 9.70
7.6-8.0 Years 9.70 9.75
8.1-8.5 Years 9.70 9.75
9.5-10.0 Years 9.75 9.85
15 Years 10.75 11.00
20 Years 11.00 11.50
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.40 8.50
0.6-1.0 Years 8.80 8.90
1.1-1.5 Years 8.90 9.05
1.6-2.0 Years 9.20 9.30
2.1-2.5 Years 9.20 9.30
2.6-3.0 Years 9.31 9.35
3.1-3.5 Years 9.35 9.45
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.75 10.50
3 Months 10.10 10.75
6 Months 10.50 11.25
12 Months 11.00 11.75
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T-Bill Secondary Market Data
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3 Months, 6 Months &
12 Months Instruments
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Days to Maturity Yield Range %
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0-7 Days 9.25-9.75
8-15 Days 9.00-9.50
16-30 Days 8.85-9.00
31-60 Days 8.70-8.85
61-90 Days 8.70-8.85
91-120 Days 8.75-8.80
121-180 Days 8.75-8.80
181-270 Days 8.75-8.80
271-365 Days 8.80-8.85
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.40 60.50
EUR 77.10 77.40
GBP 113.00 113.30
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